NEW YORK: American International Group has assigned Lucy Fato new responsibilities as global head of communications and government affairs.
Fato will fill the newly created position in addition to serving as EVP and general counsel, overseeing global communications, government relations and public policy, which she has led since May.
In the expanded role, Fato will continue to report to CEO Brian Duperreault, and will report to president and CEO-elect Peter Zaffino for global communications. Zaffino is set to become AIG's CEO on March 1, 2021, and Duperreault will be executive chairman of AIG’s board.
"Lucy has a deep understanding of the complex environment we operate in and already plays a central role in communicating with AIG’s stakeholders,” Zaffino said in a statement.
Before joining AIG in October 2017, Fato was MD, head of the Americas and general counsel at Nardello & Co., a global private investigative firm, where she remains on the advisory board. Previously, Fato was EVP and general counsel of McGraw Hill Financial, now known as S&P Global, and VP, deputy general counsel and corporate secretary at Marsh & McLennan.
AIG also promoted Emily Garbaccio to global head of corporate communications at AIG and global chief marketing and communications officer at General Insurance, as well as a member of the General Insurance executive leadership team.
Garbaccio will report to Fato and David McElroy, CEO for General Insurance and EVP of AIG.
Garbaccio was previously General Insurance's global head of leadership and transformation communications, and in 2019 took on responsibility for communications related to the company’s AIG 200 initiative.
AIG’s former global chief marketing and communications officer for AIG General Insurance, Ed Dandrige, took over Boeing’s top communications role in September.